China Justice Observer

中司观察

EnglishArabicChinese (Simplified)DutchFrenchGermanHindiItalianJapaneseKoreanPortugueseRussianSpanishSwedishHebrewIndonesianVietnameseThaiTurkishMalay

Shanghai Issues White Papers on Financial and Commercial Trials (2020)

Tue, 13 Jul 2021
Categories: China Legal Trends

On 31 May 2021, Shanghai High People's Court (“Shanghai Court”) issued the Chinese-English bilingual versions of three white papers, i.e. “Briefing of Financial and Commercial Trials in Shanghai Courts in 2020” (2020年度上海法院金融商事审判情况通报), “Trial Briefings on Dispute Cases Involving Local Financial Organizations in Shanghai’s Courts 2016–2020” (2016-2020年上海法院涉地方金融组织纠纷案件审判情况通报) and “Ten Typical Financial and Commercial Cases in Shanghai Courts in 2020” (2020年度上海法院金融商事审判十大案例).

The Ten Typical Financial and Commercial Cases covers disputes over trust, false securities statement, insurance contract, financial institution entrusted for wealth management contract, the rank order of floating charge and pledge, financial leasing contract, and bond transaction.   

According to the three white papers, the total value of first-instance financial and commercial cases accepted by Shanghai courts in 2020 fell to CNY 180.604 billion, down 18.58% year-on-year. The top three types of cases by value are disputes over financial loan contracts, financial leasing contracts, and bank cards. At the same time, the top five types of financial and commercial cases accepted by Shanghai courts in 2020 are disputes over bank cards, financial loan contracts, financial leasing contracts, the liability for false securities statements, and property insurance contracts, altogether representing 96.12% of the total number of first-instance financial and commercial cases accepted by Shanghai courts.

 

 

Cover Photo by Liam Li (https://unsplash.com/@nebula5cm) on Unsplash

Contributors: CJO Staff Contributors Team

Save as PDF

You might also like

Beijing & Shanghai Unveil Low-Altitude Economy Plans

Beijing and Shanghai have announced plans to develop the low-altitude economy, aiming to grow the industry to CNY 100 billion and CNY 50 billion respectively by 2027, with a focus on aerial rescue, logistics, and passenger transport.

SPC Releases Typical Antitrust Cases

In September 2024, China's Supreme People's Court (SPC) published eight typical cases on antitrust and unfair competition, highlighting issues like price-fixing, market dominance abuse, and deceptive practices.

China Launches Gradual Retirement Reform

China's National People's Congress has approved a gradual increase in the statutory retirement age for men and women, set to begin on January 1, 2025, marking the first adjustment in over 70 years.

China Revises National Defense Education Law

In September 2024, the newly revised “National Defense Education Law of the People’s Republic of China” was passed by the National People’s Congress Standing Committee and came into effect on 21 September.

SPC Releases Typical Cases to Support Hong Kong Arbitration

In September 2024, China’s Supreme People’s Court (SPC) released six typical cases to demonstrate its support for Hong Kong arbitration, emphasizing judicial cooperation and the recognition of arbitral awards to foster international arbitration development.

SPC Sets Standards for Punitive Damages in Food Safety

In August 2024, China’s Supreme People’s Court (SPC) issued a judicial interpretation that addresses punitive damages in food safety cases, featuring typical cases to establish uniform standards and enhance consumer protection.